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Understanding Dsge Models


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"The Microfoundations, Intertemporal Decisions and Uncertainty is the center of modern macroeconomics, like Real Business Cycles Model and New Keynesian Model. The book Understanding DSGE written by Professor Costa Junior has the intention to introduce this literature to begin research, where some details about the elaboration of the model studied step by step. This type of approach is not found in other books that analyze this type of models. "The book's strong point is the determination of the State-Steady and its linearization in detail and how to put the equilibrium condition in the Dynare." Armando Vaz Sampaio - Adjunct Professor at Federal University of Parana. "This book teaches DSGE models from scratch. It explains the basic economic relations behind the models; discusses their assumptions; derives the results step by step; presents computer codes that solve each model covered in the book; and shows the results. The book will appeal to students, scholars and professionals interested in acquaint themselves with modern macroeconomics and to those searching for a detailed guide for solving DSGE models." Bernardo Guimaraes Sao Paulo School of Economics - FGV

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